Japan Greenlights Crypto Fundraising in Major Win 

  • Japan has approved a transformative crypto bill. 
  • The new law will allow startups to raise funds via digital assets.
  • Japan’s decision to empower startups could have a significant impact on the country’s digital asset market.

Japan’s fascination with the crypto industry is rapidly evolving as its government wholeheartedly embraces the technology by pushing a series of crypto-friendly laws to propel the industry toward new heights. 

Demonstrating its commitment to advancing the crypto sector, Japan has greenlighted yet another groundbreaking law poised to change the crypto landscape in the region.

Japan Crypto Scene Receives a Major Win

In a major breakthrough for the crypto landscape, the Japanese government has announced permitting startups and businesses to raise funds by issuing crypto assets instead of traditional stocks.

Reflecting Japan’s newfound interest in the digital asset space, the new system could have significant implications for the digital currency market in Japan. Startups in the country can now receive investment in the form of crypto assets under the updated Investment Business Limited Partnerships framework.

This new transformative law is expected to substantially expand the pool of potential investors in the country and attract a more diverse range of stakeholders. The decision could also boost demand for digital assets in Japan, ultimately leading to increased trading volume and market activity within the sector. 

On the Flipside

Why This Matters

Japan has yet to catch up to other jurisdictions in regulating or embracing cryptocurrencies. However, the new law, combined with the proposed tax cuts, could reshape the crypto landscape in the country and the region. 

Read more about Cardano’s entry into the ZK-Proof world:
Cardano Embraces Zero-Knowledge Privacy Hype with Midnight

Catchup on how Cardano’s largest fund to date went:
Cardano’s Catalyst Fund Draws 400K Votes on Over 1.4K Proposals

Source link: https://dailycoin.com/japan-greenlights-crypto-fundraising-in-major-win/




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